JPMorgan warns that an AI bubble is brewing

Re:JPMorgan warns that an AI bubble is brewing by aperture147 on Wednesday July 26, 2023 @12:16AM (#36873025)

Just another tech bubble and people fall for that every time. NFT, Cryptocurrency, AR/VR, Metaverse, now it's AI. The formula for a tech bubble is always the same, and the result is also the same: The sharks take all the money and FOMO people lose their life savings

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Re:JPMorgan warns that an AI bubble is brewing by carlmr on Wednesday July 26, 2023 @05:05AM (#36874875)

Would you say the people fell for the Metaverse? I saw Zuck pushing it and everybody making fun of it throughout it's existence.

NFT bubbled up, even if only short-lived. Crypto is still bubbling sometimes I guess. Metaverse...? Crickets from what I've seen.

AI is a bit different in that it already provides tangible value. E.g. automatic translation is now better than most amateur translators, but still can't beat professional translators. However this was enough to kill my friend's technical translation business. Since most foreign companies don't care that much about the nuance of what's written in their user manuals.

I think AI is already disappointing people on other fronts though. So we'll see how much value can be derived from it. But it's not 0.

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Re:JPMorgan warns that an AI bubble is brewing by petre on Wednesday July 26, 2023 @12:43PM (#36880661)

You forgot about full self driving cars. Last time I've checked truckers were still moving goods and ride hailing vehicles were still ooerated by a human.

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